DRUMMONDVILLE, Que. — In a surprise move, toolbox manufacturer SPG International has closed its doors after being granted bankruptcy protection. The company’s Asian-based shareholders had tried without success to find a buyer. Benoit Clouâtre of court-appointed trustee Deloitte Restructuring said the closure will mean the loss of about 100 jobs. An asset sale is underway, and SPG still has the opportunity to strike a deal with creditors to avert bankruptcy.
SPG International faces bankruptcy
Most Recent
Most Read
Aaron Jarosz promoted to lead Home Depot Canada's pro services
Thu, April 25th, 2024
New owners for Canadian Tire store in Innisfil, Ont.
Thu, April 25th, 2024
United Hardware merges with Do it Best
Thu, April 25th, 2024
Throwback Thursday: Ten years ago, Home Depot Canada started using stores as online showrooms
Thu, April 25th, 2024
CEO shares plans for Home Hardware’s 60th anniversary
Wed, April 24th, 2024
West Fraser posts Q1 financials
Wed, April 24th, 2024
IKEA introduces online financial options
Wed, April 24th, 2024
Retail sales stable in February
Wed, April 24th, 2024
Home Hardware manager wins NHPA award
Tue, April 23rd, 2024
Meet IKEA Canada’s Tanja Fratangeli in our new podcast
Tue, April 23rd, 2024
